Markets ended 114 points lower at 17,461 and the Nifty on the NSE shed 32 points to close at 5,237. Market breadth however reveals heightened action in many midcap and small cap stocks.

AFTER a strong opening, markets lost ground during the latter part of the week ending on weak global cues and worries on inflation front.
On the BSE, the Sensex marginally ended up 3 points at 17,574 and the Nifty on the NSE inched up 6 points to close at 5,269. It is pertinent to note that while FIIs have been steady buyers, domestic institutions were sellers.

Buoyed by strong advance tax numbers, positive global cues and the Ambani charisma, markets carved out strong gains during the week-ended.

After a weak start during the early part of the week, markets staged a strong rebound in the latter part to close on an optimistic note. The Sensex gained nearly one per cent to close at 17,065 points and the Nifty remained almost unchanged at 5,119 points on the account of many Nifty stocks going ex-dividend.

Robust economic data and positive global cues helped markets post gains for the second successive week. On the BSE, the Sensex gained 255 points closing at 17,117 and the Nifty on the NSE logged 69 points ending at 5,136.

Helped by the truce between the Ambani brothers, short covering and global relief rally, markets staged a smart comeback during the week-ended. On the BSE, the Sensex ended 417 points higher at 16,863 and the Nifty on the NSE gained 135 points to close at 5,067. However, market breadth was mixed mirroring the uncertainty

Markets were volatile throughout the week-ended due to the European crisis putting the global economic recovery at risk.

Though markets started off the week-ended with strong gains, they witnessed some extremely volatile sessions due to uncertainty surrounding the bailout package for Europe’s economic woes.